Abstract:GCC Investing is a St. Vincent and the Grenadines registered Forex and CFD broker based in Sofia, Bulgaria, owned by GreenRiverOU of Estonia, with payment processing done by Mercure Services Ltd in St. Vincent. GCC Investing is not currently subject to any effective regulation.
General Information & Regulation
GCC Investing is a St. Vincent and the Grenadines registered Forex and CFD broker based in Sofia, Bulgaria, owned by GreenRiverOU of Estonia, with payment processing done by Mercure Services Ltd in St. Vincent. GCC Investing is not currently subject to any effective regulation.
Market Instruments
GCC Investing offers investors a range of financial instruments, including Forex currency pairs, stocks, commodities, indices, and cryptocurrencies.
Minimum Deposit
GCC Investing offers five different types of accounts: Basic ( with a minimum deposit of €1,000), Silver (with a minimum deposit of €2,500), Gold (with a minimum deposit of €10,000), Platinum (with a minimum deposit of €50,000), and Diamond (with a minimum deposit of €100,000).
GCC Investing Leverage
The maximum leverage level available offered by GCC Investing is up to 1:400, in terms of major pairs trading. Since margin trading is quite risky, inexperienced traders are not advised to use too high trading leverage in case of heavy fund losses.
Spreads & Commissions
As for spreads and commissions, or trading costs, GCC Investing is quite vague about it. The EUR/USD pair spread is usually between 1.1 pips to 1.5 pips offered by most brokers. Wide spreads mean high trading fees afforded by traders.
Trading Platform
GCC Investing offers investors a variety of trading platform options, including desktop, MT4, mobile, and web platforms.
Deposit & Withdrawal
GCC Investing supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, wire transfer, iDEAL. The withdrawal fee for credit cards is 3.5% and $15 for wire transfers.
GCC Investing Pros & Cons
GCC Investing Advantages Include:
1. A wide range of trading assets
2. Five trading accounts available
GCC Investing Disadvantages Include:
1. No regulation
2. High withdrawal & deposit fees
3. High minimum deposit amount
4. No specific information on spreads provided